A corporate officer’s fiduciary duties to his corporate employer and the monetary damages that flow from a breach of those duties are two of the key issues dissected and applied by the Second District appeals court in Star Forge, Inc. v. Ward, 2014 IL App (2d) 130527-U. Plaintiff was a steel company that sued its former President …
Tag Archives: Illinois
Creditor Rights To A Debtor’s Joint Bank Account Funds and Life Insurance Policies
(Photo credit: www.wisegeek.com: Google images) In the perpetual cat-and-mouse game played out across the collection law landscape, an important recurring question is what rights a creditor has to a debtor’s joint bank account – an account with two or more account holders. The creditor wants to attach as much of the account as possible to …
Illinois Replevin Law: Who Gets to Keep (Broken) Engagement Ring?
The (diabolical?) Joey Greco (I think that’s the ‘Cheaters’ Host’s name) would love this one. In Carroll v. Curry, 912 N.E.2d 273 (2nd Dist. 2009), the plaintiff filed a replevin suit against his ex-fiancée (defendant) seeking the return of an engagement ring that he previously bought. The couple was engaged to be married for several years until the defendant broke …
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